CRV: Heavy 24H Drop on Strong Volume — Watch for Support at $0.92
I see CRV trading around $0.93 with a 24-hour drop of about 9.9% despite a modest 7-day gain of 3.1%. Intraday range shows support near $0.92 and resistance near $1.05.
Volume is heavy at roughly $332M and market cap sits near $1.3B (FDV $2.1B), which implies good liquidity but elevated short-term volatility. The sharp single-day decline looks like profit-taking or a volatility flush rather than a clear trend reversal.
I would watch price action around the $0.92 area and consider scaling in only after weakness is confirmed, with strict risk management and tight stops.
Analysis
Recommendation
Buy on weakness: consider accumulating on a confirmed move toward the $0.92 area or after consolidation, keeping position sizes small and using stop-losses to manage volatility risk.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.